We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nasdaq (NDAQ) Up 4.2% as November Volumes Increase Y/Y
Read MoreHide Full Article
Nasdaq, Inc. (NDAQ - Free Report) reported improved trading volumes for Nov 2016, which are segregated under equity derivatives, cash equities, and fixed income and commodities. We believe the enhanced volume reflect a rise in trading activities subsequent to the U.S. election. Following this announcement, the company’s shares gained nearly 4.2%.
This major exchange operator’s U.S. equity options volume surged 65.3% year over year and 20.6% from the prior month to 129 million contracts in November. The company’s European options and futures volume was 7.2 million contracts, down 4% year over year, but rose 2.9% from Oct 2016.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the reported month totaled 28.9 billion shares, an increase of 18.4% from Nov 2015 and 28.5% from Oct 2016 level. Further, European equity volume grew 5.8% from the prior-year month and 10.6% from the prior month to $73 billion.
Moreover, US Fixed income volume in November jumped 47% year over year and 34.3% from the last month to $2.3 billion. Further, European fixed-income volume was 1.9 million contracts for Nov 2016, down 9.5% from Nov 2015 but increasing 5.5% from Oct 2016. In addition, European energy clearing and trading totaled 280 Terawatt hours, up from 209 Terawatt hours in Nov 2015 and 277 Terawatt hours in Oct 2016.
We expect this improved trading performance to continue, going forward. This enhanced volume is likely lead to strong revenue growth for Nasdaq.
Year to date, Nasdaq’s shares have gained 16.2%, underperforming the 22.6% growth for the Zacks categorized Securities Exchanges industry. Nonetheless, the stock has been largely witnessing a rising trend, post U.S. election.
Among other securities exchanges, CBOE Holdings, Inc. (CBOE - Free Report) and Intercontinental Exchange, Inc. (ICE - Free Report) and CME Group Inc. (CME - Free Report) have reported their respective trading volumes for November.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access.Click here for Zacks' private trades >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Nasdaq (NDAQ) Up 4.2% as November Volumes Increase Y/Y
Nasdaq, Inc. (NDAQ - Free Report) reported improved trading volumes for Nov 2016, which are segregated under equity derivatives, cash equities, and fixed income and commodities. We believe the enhanced volume reflect a rise in trading activities subsequent to the U.S. election. Following this announcement, the company’s shares gained nearly 4.2%.
This major exchange operator’s U.S. equity options volume surged 65.3% year over year and 20.6% from the prior month to 129 million contracts in November. The company’s European options and futures volume was 7.2 million contracts, down 4% year over year, but rose 2.9% from Oct 2016.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the reported month totaled 28.9 billion shares, an increase of 18.4% from Nov 2015 and 28.5% from Oct 2016 level. Further, European equity volume grew 5.8% from the prior-year month and 10.6% from the prior month to $73 billion.
Moreover, US Fixed income volume in November jumped 47% year over year and 34.3% from the last month to $2.3 billion. Further, European fixed-income volume was 1.9 million contracts for Nov 2016, down 9.5% from Nov 2015 but increasing 5.5% from Oct 2016. In addition, European energy clearing and trading totaled 280 Terawatt hours, up from 209 Terawatt hours in Nov 2015 and 277 Terawatt hours in Oct 2016.
We expect this improved trading performance to continue, going forward. This enhanced volume is likely lead to strong revenue growth for Nasdaq.
Year to date, Nasdaq’s shares have gained 16.2%, underperforming the 22.6% growth for the Zacks categorized Securities Exchanges industry. Nonetheless, the stock has been largely witnessing a rising trend, post U.S. election.
Currently, Nasdaq carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other securities exchanges, CBOE Holdings, Inc. (CBOE - Free Report) and Intercontinental Exchange, Inc. (ICE - Free Report) and CME Group Inc. (CME - Free Report) have reported their respective trading volumes for November.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access.Click here for Zacks' private trades >>